/NOT FOR DISTRIBUTION TO U.S. NEWS WIRE SERVICES OR
DISSEMINATION IN THE UNITED
STATES/
MONTREAL, Feb. 12, 2018 /CNW/ - LXRandCo, Inc. (TSX: LXR,
LXR.WT) ("LXRandCo" or the "Company") announces today
the closing of its previously announced bought deal financing (the
"Offering") of 2,728,500 class B shares of the Company (the
"Shares"), which includes the partial exercice of the
over-allotment option granted to the Underwriters in connection
with the Offering. The Shares were priced at C$5.25 per Share for aggregate gross proceeds of
C$14,324,625. The syndicate of
underwriters (collectively, the "Underwriters") was led by
Canaccord Genuity Corp. and included Desjardins Securities Inc.,
Cormark Securities Inc. and Industrial Alliance Securities Inc.
The Shares were offered for sale to the public pursuant to a
short form prospectus dated February 2,
2018 filed with Canadian securities regulatory authorities
in all Canadian provinces.
The securities offered have not been, and will not be,
registered under the U.S. Securities Act of 1933 (the "U.S.
Securities Act"), as amended, and may not be offered, sold or
delivered, directly or indirectly, in the
United States, its territories, its possessions and other
areas subject to its jurisdiction or to, of or for the account or
benefit of, a U.S. person (as such term is defined in the U.S.
Securities Act), absent registration or an applicable exemption
from the registration requirements. This press release shall not
constitute an offer to sell or the solicitation of an offer to buy
nor shall there be any sale of the securities in any State in which
such offer, solicitation or sale would be unlawful.
About LXRandCo
LXRandCo is a rapidly growing, international omni-channel
retailer of branded vintage luxury handbags and other personal
luxury products. LXRandCo sources and authenticates high-quality,
pre-owned products from iconic brands such as Hermès, Louis Vuitton, Gucci and Chanel, among others,
and sells them at attractive prices through: a retail network of
stores located in major department stores in Canada, the United
States and Europe;
wholesale operations primarily in the
United States; and its own e-Commerce website,
www.lxrco.com.
Caution Regarding Forward-Looking Statements
Certain statements in this press release are prospective in
nature and constitute forward-looking information and/or
forward-looking statements within the meaning of applicable
securities laws (collectively, "forward-looking statements").
Forward-looking statements generally, but not always, can be
identified by the use of forward-looking terminology such as
"outlook", "objective", "may", "could", "would", "will", "expect",
"intend", "estimate", "forecasts", "project", "seek", "anticipate",
"believes", "should", "plans" or "continue", or similar expressions
suggesting future outcomes or events and the negative of any of
these terms. Forward-looking statements reflect management's
current beliefs, expectations and assumptions and are based on
information currently available to management, which includes
assumptions about management's historical experience, perception of
trends and current business conditions, expected future
developments and other factors which management considers
appropriate. With respect to the forward-looking statements
included in this press release, management has made certain
assumptions with respect to, among other things, the Company's
ability to meet its future objectives and strategies, the Company's
ability to achieve its future projects and plans and that such
projects and plans will proceed as anticipated, as well as
assumptions concerning general economic and market growth rates,
currency exchange, interest rates and competitive intensity.
Readers are cautioned not to place undue reliance on
forward-looking statements, as there can be no assurance that the
future circumstances, outcomes or results anticipated or implied by
such forward-looking statements will occur or that plans,
intentions or expectations upon which the forward-looking
statements are based will occur.
All forward-looking statements included in and incorporated into
this press release are qualified by these cautionary statements.
Unless otherwise indicated, the forward-looking statements
contained herein are made as of the date of this press release, and
except as required by applicable law, the Company does not
undertake any obligation to publicly update or revise any
forward-looking statement, whether as a result of new information,
future events or otherwise.
Readers are cautioned that the actual results achieved will vary
from the information provided herein and that such variations may
be material. Consequently, there are no representations by LXRandCo
that actual results achieved will be the same in whole or in part
as those set out in the forward-looking statements.
SOURCE LXRandCo, Inc.